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Sub-Saharan Africa’s economy to shrink 3.3% in 2020 due to COVID-19: World Bank

  • The World Bank’s Africa’s Pulse report said the pandemic will cost the region up to $79 billion in output losses this year
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The COVID-19 economic fallout will push Sub-Saharan Africa into its first recession in 25 years.

This is according to the World Bank’s Africa’s Pulse report, giving details of the impact of the pandemic on the region.

It predicts Sub-Saharan Africa’s economy will contract by 3.3 percent this year, threatening to push 40 million people into extreme poverty.

World Bank Chief Economist for Africa, Albert Zeufack shares more:

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